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News for Saturday, 15 Sep 2012

MQM MPs to donate one month salary for Karachi inferno victims

Upon directives of Muttahida Qaumi Movement (MQM) chief Altaf Hussain, parliamentarians of the party have announced to donate their one month’s salary to the victims of Karachi factory fire. According to...

Closure of 3 power houses leads to power crisis in Karachi

Three powers houses of Jamshoro have been closed due to which the power has been suspended in Karachi and other areas. Thermal Power House, Kotri Gas Turbine Power House and Lakra...

Eid becomes ‘Smart’ for Samsung customers

Eid ul Fitr this year was extra special. Despite the heat of the season that could have spoiled the fun, Pakistanis had a festival like never experienced before. With fabulous...

Oil rises in Asia on Fed stimulus

Oil prices rallied in Asia Friday as traders celebrated a fresh round of quantitative easing announced by the US Federal Reserve, analysts said. New York's main contract, light sweet crude...

Malaysia seeks increased trade with Pakistan in agricultural sector

Pakistan was the second largest trading partner of Malaysia in South East Asia last year, therefore both the countries should make efforts to take these relations to a new height...

Off to the American discos!

In order to strengthen the planning and engineering function at DISCOs, a team of senior planning and engineering officials from Pakistan’s power distribution companies (DISCOs) will visit several well-run power...

NCCPL collecting CGT under new regime

The NCCPL has started the collection of CGT on behalf of the federal board of revenue (FBR) with effect from Thursday, 13th Sept. The new system would be applicable to...

India inflation rises, putting off rate cut

Indian inflation rose in August to 7.55 percent on a 12-month basis, official data showed on Friday, further reducing the chances of an interest rate cut from the central bank...

ICCI whines over taxpayer harassment

Islamabad Chamber of Commerce and Industry (ICCI) organized a seminar, titled “Tax Compliances for Corporate and Non Corporate tax payers”. Haroon Tareen, Chief Commissioner Inland Revenue Regional Tax Office...

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